Block Chain Technology
Blockchain is a new data structure that is secure, cryptography-based, and distributed across a network. The technology supports crypto-currencies such as Bitcoin, and the transfer of any data or digital asset.
- Blockchain is the basis of bitcoins, it is a digital public ledger that records every transaction. It removes the need for using a trusted third party such as a bank to make a transaction by directly connecting the customers and suppliers.
- Each transaction is recorded to the ledger after verification by the network participants, mainly a chain of computers, called nodes.Once a transaction is entered in the blockchain, it cannot be ....
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